Bitcoin (BTC) price action remains boring, but certain elements that directly or indirectly affect it are changing slowly. Previous publications have
This article will take a closer look at the rising correlation between Bitcoin price and US tech stocks. It will also discuss the potential reasons behind this uptick and the impact of macroeconomic events on BTC price should this correlation remain high.Altcoin mania and Bitcoin ETF approval remain hot topics; here’s what to expect this weekThe correlation between Bitcoin price and stocks, especially the S&P 500, has seen a considerable uptick in the last two weeks.
On the other hand, the tech stocks earnings report in June and July have caused the indices to rally, which could also be a reason why the correlation has spiked. showed that inflation rose at a slower-than-expected headline rate of 3.2%. With that in mind, Goldman Sachs analysts are penciling the interest rate cuts to start in the second quarter of 2024. lead analyst Eren Sengezer notes that there is still a possibility that the Fed “could raise interest rates once again in November or December. Sengezer further adds that,
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TeraWulf increases self-mined BTC in Q2, while Hut8 looks to USBTC mergerTeraWulf's increased hash rate sees 908 BTC mined in Q2, while Hut8 holds out for USBTC merger to increase capacity.
Read more »
Bitcoin (BTC) Short-Term Holders' Supply Plunges to Cycle Low, Glassnode SaysLeading on-chain analyst Glassnode registers 'stage of extreme apathy and exhaustion' dominating Bitcoin (BTC) markets today
Read more »
Revolutionizing Bitcoin Privacy: Samourai Wallet Unveils BTC to XMR Atomic SwapsSamourai has revealed a BTC to XMR atomic swap feature aimed at revolutionizing onchain privacy in Bitcoin.
Read more »
Bitcoin teases new volatility as BTC price taps 4-day high near $29.6KBitcoin takes a swipe at $29,500 to start the Wall Street trading week after days of flat BTC price performance.
Read more »
Dormant Since 2010, Bitcoin Address Awakens to Move 1,005 BTC Worth $29.7 MillionAt the precise block height of 803,135, a dormant bitcoin address — created on November 9, 2010 — stirred to life.
Read more »
Bitcoin & Ethereum Hold Ground Ahead of US CPI: BTC/USD & ETH/USD Price SetupsRealized volatility may have fallen recently in Bitcoin and Ethereum but it hasn’t altered the broader trend. What is the outlook and the key levels to watch in BTC/USD and ETH/USD?
Read more »